Scatec ASA has signed a Power Purchase Agreement with the Egyptian Electricity Transmission Company (EETC) for a total capacity of 1.95 GW solar and 3.9 GWh Battery Energy Storage Systems (BESS) in Egypt. The agreement was announced on January 11, 2026, in Oslo and Cairo.

Project Structure and Capacity

Under the agreement, Scatec will deliver one integrated solar and BESS hybrid system designed to deliver continuous, around-the-clock renewable baseload power. In addition to the hybrid system, Scatec will develop two standalone BESS projects to provide essential grid stability and support services.

The combined capacity represents the largest solar and BESS installation in Africa and the largest investment in Scatec's history. The plant is expected to deliver approximately 6,000 GWh of renewable energy annually.

Financial Terms and Timeline

Scatec will be compensated under a 25-year, USD-denominated pay-as-produced Power Purchase Agreement (PPA), linked to the electricity generated by the hybrid system. The company will serve as the lead developer of the projects and will invite additional equity partners.

Financial close is expected in the second half of 2026. Further details on capital expenditure, EPC scope, and financing structure will be disclosed at financial close.

Company Services and Expertise

Scatec will provide Engineering, Procurement, and Construction (EPC), Asset Management (AM), and Operations & Maintenance (O&M) services for the projects. The company will leverage its proven expertise from similar large-scale hybrid and BESS projects to ensure efficient delivery and management through all phases of the project.

According to Scatec CEO Terje Pilskog, “Signing this groundbreaking PPA further cements Scatec's leading position and commitment to delivering reliable, renewable energy at a large scale in Africa. By integrating advanced solar and battery technologies, we are providing Egypt with sustainable, around-the-clock power and grid-stabilizing services, supporting both the country's energy transition and the region's long-term economic development.”

About Scatec

Scatec describes itself as a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy in emerging markets. The company develops, builds, owns, and operates renewable energy plants, with 6.2 GW in operation and under construction across five continents.

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